Hong Kong toy manufacturer KTech Solutions submitted an IPO application for the US stock market, aiming to raise USD 9 million
KTech Solutions is a toy manufacturer headquartered in Hong Kong, specializing in educational toys and learning toolkits. The company submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) on Monday, planning to raise up to $9 million. The company plans to issue 2 million shares at a price of $4 to $5 per share, raising $9 million. Based on the midpoint of the proposed range, KTech Solutions will have a market capitalization of $97 million. KTech primarily engages in the design, development, testing, and sale of a variety of toy product lines, ranging from simple plastic toys to more complex mechanical toys. The company specializes in developing toys and learning packages for infants and preschool education, with customers mainly located in Europe and North America. KTech Solutions was founded in 2016, and its sales for the 12 months ending September 30, 2024, were $19 million. The company plans to list on NASDAQ under the ticker symbol KMRK. The application was submitted confidentially on January 2, 2025. American Trust Investment Services is the sole bookrunner for this transaction
According to Zhitong Finance APP, KTech Solutions is a toy manufacturer headquartered in Hong Kong, specializing in educational toys and learning toolkits. The company submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) on Monday, planning to raise up to $9 million.
The company plans to issue 2 million shares at a price of $4 to $5 per share, raising $9 million. Based on the midpoint of the proposed range, KTech Solutions' market capitalization will reach $97 million.
KTech primarily engages in the design, development, testing, and sale of a variety of toy product portfolios, ranging from simple plastic toys to more complex mechanical toys. The company specializes in developing toys and learning packages for infants and preschool education, with customers mainly located in Europe and North America.
KTech Solutions was established in 2016, and its sales for the 12 months ending September 30, 2024, were $19 million. The company plans to list on NASDAQ under the ticker symbol KMRK. The company submitted its application confidentially on January 2, 2025. American Trust Investment Services is the sole bookrunner for this transaction
